N.Y. General Business Law § 899-h: Required form of contract

§ 899-h. Required form of contract. 1. An agency contract shall be in

a record, signed or otherwise authenticated by the parties.

2. An agency contract shall state or contain:

(a) the amount and method of calculating the consideration to be paid

by the student-athlete for services to be provided by the athlete agent

under the contract and any other consideration the athlete agent has

received or will receive from any other source for entering into the

contract or for providing the services;

(b) the name of any person not listed in the application for

registration or renewal of registration who will be compensated because

the student-athlete signed the agency contract;

(c) a description of any expenses that the student-athlete agrees to

reimburse;

(d) a description of the services to be provided to the

student-athlete;

(e) the duration of the contract; and

(f) the date of execution.

3. An agency contract shall contain, in close proximity to the

signature of the student-athlete, a conspicuous notice in boldface type

in capital letters stating:

WARNING TO STUDENT-ATHLETE

IF YOU SIGN THIS CONTRACT:

(1) YOU MAY LOSE YOUR ELIGIBILITY TO COMPETE AS A STUDENT-ATHLETE IN

YOUR SPORT;

(2) IF YOU HAVE AN ATHLETIC DIRECTOR, WITHIN 72 HOURS AFTER ENTERING

INTO THIS CONTRACT, BOTH YOU AND YOUR ATHLETE AGENT MUST NOTIFY YOUR

ATHLETIC DIRECTOR; AND

(3) YOU MAY CANCEL THIS CONTRACT WITHIN 5 DAYS AFTER SIGNING IT.

CANCELLATION OF THIS CONTRACT MAY NOT REINSTATE YOUR ELIGIBILITY.

4. An agency contract that does not conform to this section is

voidable by the student-athlete. If a student-athlete voids an agency

contract, the student-athlete shall not be required to pay any

consideration under such contract or to return any consideration

received from the athlete agent to induce the student-athlete to enter

into the contract.

5. The athlete agent shall give a record of the signed or otherwise

authenticated agency contract to the student-athlete at the time of

execution.